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Candy Co. usus the conventional retail jventory mathod lo vitue ts merehandise inventory. The following schexhile (in serambled order) is piepared for the currentyear: Requiremens:
Candy Co. usus the conventional retail jventory mathod lo vitue ts merehandise inventory. The following schexhile (in serambled order) is piepared for the currentyear: Requiremens: 1. What it the ending inventory at retail? ( 6 points) Answer: Endirig inventory at retail= 2. Show the work to calculate the cost-to-retail ratio under the conventional retail inventory method by filling out the amounts for the numerator (box a) and the denominator (box b) separately as indicated below. (2.5. points aach) Cont-to retail ratio: (b)(a)
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